Senior Debt to EBITDA. As of the end of each of its fiscal quarters, the Company and its Subsidiaries shall maintain a ratio of consolidated Senior Debt to consolidated trailing twelve (12) month EBITDA of not greater than (a) 2.20 to 1.00 for the fiscal quarter ending December 31, 2008, (b) 2.50 to 1.00 for the fiscal quarters ending March 31, 2009 and June 30, 2009, and (c) 2.20 to 1.00 for the fiscal quarter ending September 30, 2009 and the fiscal quarters ending thereafter.
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Samples: Loan and Security Agreement (Argyle Security, Inc.), Note and Warrant Purchase Agreement (Argyle Security, Inc.)
Senior Debt to EBITDA. As of the end of each of its fiscal quarters, the Company Borrower and its Subsidiaries shall maintain a ratio of consolidated Senior Debt to consolidated trailing twelve (12) month EBITDA of not greater than
(a) 2.20 than the ratios listed below for the corresponding reporting periods listed below: Closing β September 30, 2008 2.00 to 1.00 for the fiscal quarter ending December 31, 2008, (b) 2.50 2008 β thereafter 1.75 to 1.00 for the fiscal quarters ending March 31, 2009 and June 30, 2009, and (c) 2.20 to 1.00 for the fiscal quarter ending September 30, 2009 and the fiscal quarters ending thereafter.1.00
Appears in 1 contract
Samples: Loan and Security Agreement (Argyle Security, Inc.)
Senior Debt to EBITDA. As of the end of each of its fiscal quartersquarters set forth below, the Company Borrower and its Subsidiaries shall maintain a ratio of consolidated Senior Debt to consolidated trailing EBITDA for the twelve (12) month EBITDA period ending on the last day of such fiscal quarter, of not greater than
(a) 2.20 than the following: Computation Period Ending Senior Debtto EBITDA June 30, 2006 3.75 to 1.00 for the fiscal quarter ending September 30, 2006 3.50 to 1.00 December 31, 2008, (b) 2.50 2006 3.25 to 1.00 for the fiscal quarters ending March 31, 2009 and 2007 3.25 to 1.00 June 30, 2009, 2007 and (c) 2.20 thereafter 3.00 to 1.00 for the fiscal quarter ending September 30, 2009 and the fiscal quarters ending thereafter.1.00
Appears in 1 contract
Samples: Loan Agreement (Cti Industries Corp)
Senior Debt to EBITDA. As of the end of each of its fiscal quarters, beginning March 31, 2023, the Company and its Subsidiaries Borrower shall maintain a ratio of consolidated Senior Debt to consolidated trailing twelve (12) month EBITDA for such fiscal quarter, of not greater than
(a) 2.20 than 1.50 to 1.00 for the fiscal quarter ending 1.00, through December 31, 20082024, (b) 2.50 to 1.00 for the fiscal quarters ending March 31, 2009 and June 30, 2009, and (c) 2.20 to 1.00 for the fiscal quarter ending September 30, 2009 and the fiscal quarters ending thereafter.based on a building 4 quarters,
Appears in 1 contract
